Retirement Blog

Monday, November 7, 2011 4:20 pm
By Jennie L. Phipps · Bankrate.com

Apparently, more than half  — 51 percent — of people investing their retirement savings in target-date funds see them as a retirement planning panacea and think that putting their money in them guarantees their retirement income needs will be met. That unsettling news is from recently released investment management firm AllianceBernstein’s Inside the Minds of

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Sunday, November 6, 2011 6:00 am
By Jennie L. Phipps · Bankrate.com

I talked to my Aunt Thummie today. She’s the last of my mother’s dozen brothers and sisters. At 91, she has outlived them all. Until recently, her retirement was an active one. She was able to drive and travel, then she had some setbacks and she’s moved into an assisted living facility. I called and

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Friday, November 4, 2011 2:47 pm
By Barbara Whelehan · Bankrate.com

You’ve heard the serenity prayer, where the supplicant beseeches a higher power for the serenity to accept the things that cannot be changed, courage to change the things that can be changed and wisdom to know the difference. When applied to retirement planning, we really don’t have control over stock market moves, the future of

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Thursday, November 3, 2011 3:27 pm
By Jennie L. Phipps · Bankrate.com

If junior is living in the basement after losing his job or not being able to find one in the first place, consider yourself typical. It’s an increasingly commonplace retirement planning dilemma. According to the U.S. Census, the percentage of men age 25 to 34 living in the home of their parents rose from 14

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Wednesday, November 2, 2011 3:13 pm
By Jennie L. Phipps · Bankrate.com

Retirement planning isn’t getting any easier. During the economic crisis two years ago, many companies suspended their 401(k) matches. Last year and in the first half of this year, about 75 percent of firms restored matches but about 25 percent didn’t. Of those that renewed the practice, 69 percent brought back the match at a

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Tuesday, November 1, 2011 3:51 pm
By Jennie L. Phipps · Bankrate.com

Retirement planning gets trickier when some of the things you may have counted on disappear. Class Act, the long-term care provision of the Affordable Care Act, was unceremoniously deep-sized last week because the U.S. Secretary of Health and Human Services said Class Act couldn’t be made to work under the provision that required it to

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Monday, October 31, 2011 2:57 pm
By Jennie L. Phipps · Bankrate.com

It doesn’t seem very long ago that we baby boomers were the youngest members of the team, but now many of us gray hairs are taking direction from people who are 20 or 30 years our junior–  and we’re not always liking it. Working for someone half your age can encourage you to hang up

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Sunday, October 30, 2011 6:00 am
By Jennie L. Phipps · Bankrate.com

Here’s another good retirement planning strategy from Jonathan Bergman, who frequently offers  great ideas to this blog. Bergman is a certified financial planner and vice president of Palisades Hudson Financial Group in Scarsdale, N.Y. He says that with today’s low returns on investments, it can be a win-win to lend money to adult children who

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Friday, October 28, 2011 4:05 pm
By Barbara Whelehan · Bankrate.com

You’ve seen the advertisement where people are walking down a city street carrying their “number” under their arms. It’s a large and somewhat cumbersome six- or seven-digit savings goal for each bearer’s retirement. ING has a calculator on its website that enables you to figure out your wealth accumulation target by plugging in five numbers,

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Thursday, October 27, 2011 3:19 pm
By Jennie L. Phipps · Bankrate.com

Our retirement planning has implications I would never have considered before I talked to an economist yesterday. Six of the most affluent counties surrounding Detroit — and not including the county poor beat up Detroit is in — have lost about 350,000 jobs in the last 10 years. Economist Donald Grimes, senior researcher for the

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